Resolution authorizing and approving a Loan Agreement, authorizing the call of outstanding…
Recorded in the minutes as “Resolution authorizing and approving a Loan Agreement, authorizing the call of outstanding bonds, providing for issuance of $25,860,000 General Obligation Urban Renewal Refunding…”. Passed 4–0 as part of the consent agenda; Yes: Duer, McFadden, Mertz, Stewart. Amount in the record: $25,860,000.
What this means (Tax increment financing (TIF)): Within an urban renewal area, the extra property tax from rising values can be set aside for a period of years to pay for projects or incentives in that area, instead of going to the usual taxing bodies.
How each member voted
| Official | Vote |
|---|---|
| Scott Duer | Yes |
| Josh Dunwoody | Not in the record |
| Jerry Evans | Absent |
| Jayme McFadden | Yes |
| Julie Stewart | Yes |
More from the record
Item 5 of the consent agenda, recorded in the minutes as: “Resolution authorizing and approving a Loan Agreement, authorizing the call of outstanding bonds, providing for issuance of $25,860,000 General Obligation Urban Renewal Refunding Bonds, Series 2026A and providing for the levy of taxes to pay the same”. The council approved the whole consent agenda in one vote.
Source Full minutes for the whole Feb 16, 2026 meeting (saved copy) · All votes at this meeting